Indians have founded more offshore unicorns than any other country, co-founding 109 unicorns outside of India compared with 67 in India, according to the Global Unicorn Index 2024, a ranking of the world's start-ups founded in the 2000s.
According to the report by the Hurun Research Institute, India was placed third globally with 67 unicorns, led by on-demand delivery start-up Swiggy and fantasy sports platform Dream11 worth $8 billion each, and Razorpay worth $7.5 billion.